The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-10-16


whom would purchase supplies from
Salt Lake, has been well received. aad
has but added to the hopeful feeling and
increased public faith III the boom.
From nearly ali quarters come re-
ports of good crops, IN almost every
thing save fruit. Mr. E. E. Rich. man
ager of the Peoples Forwarding Com
pany, a gentleman perhaps as well
posted as any other resident of Utah on
such matters, was seen yesterday. The
oat crop, he says, is scarcely up to the
standard, and the demand is but far;
81 20 per bushel is being received by the
farmers for this product.
The wheat crop is large and the de-
mand is slow; the prices paid ranging
from 571s cents TO 6213 cents per bushel,
ace riding to quality.
There is an excellent barley crop;
brewing brings Sl.2J per 100, and iced
barley sells at So nts and 81. Save
for home consumption, the market is
dull, due, however, in great measure
in this case, as in all others, to the in
creased tariff between Salt Lake and
Missouri River points.
Potatoes are moving rap dly, and the
Utah "spud" is gaining favor
throughout the length and breadth Of
Uncle'Sam's domain. Shipments have
recently been made to San Francisco
west, Chicago east and as far south as
Louisiana and Tennessee. 1t has been
estimated by competent judges that the
yield of Utah tubers this year will be so
per cent. over that of a year ago. Far
mers and others receive so cents per
bushel, sacked. and on board cars. Were
it not for the increase in railway taritf
mentioned above, the price paid the
grangers would be prOportiolately
higher.
The salt market is slow; whatever
shipments are being made are to the
eat. There is a big demand in the
Colorado market for this Utah product,
The home demand for bailed hay is
good; there is bat little inquiry from the
outside. Lucerne, SO 90 to SO; wild, $40;
timothy, SD to $l4 per ton
in Salt Lake City. The crop is reported
as very good; no better, however, than
that OF year ago.
In mining stocks, BUT little was done,
and the few transactions occurring are
named below. 1T is an off week in
stocks, said member of the Curb
stone Exchange yesterday, as he drew
his fall overCOat a little closer around
him, and braced his nerves with hopeful
anticipation of the week to come.
OF business in the east Dun'S weekly
report says: Every condition for
marked advance in prices has now been
supplied that government or opera
@n-- no Cd
not come, it will be clear that the lock
ing up of capital in railroad and other
building, IN real estate operations, and
in specuFations of various kinds, has a
more depressing influence than many
realize. The absorption of the Balti-
more & Ohio Telegraph by the Western
Union removes an important cause of
hesitation in the stock market; pro-
gresS toward reconstruction in Read
ing, and settlement of western rate
troubles, removes Others; Treasury
purchases of bonds and imports OF gold
supply money in abundance, and rail-
road earnings continue TO exceed those
Of last year. The increased supply of
money is not yet felt at all points. More
outside paper is taken at Boston;
money is abundant at PhiladelUhia,
thong conservatism of banks in valu-
alton Of properties curtails the facilities
OF many manufacturers and dealers;
Chicago is shipping less money to the
country, though loans to carry grain in
other cities are large, and the CONNER
cial demand IS greater than usual. But
at Omaha money is very tight and mer-
chants complaining; trade is called ex-
cellent, but collections only fair; at
Detroit increased demand raises the
RI C q OF
land money is close, with business
better; at Kansas City the market is
close and collections only fair, but trade
good; at Denver a sharp demand is
freely met; and at southern points the
pressure is made little less severe
by some improvement in collections.
The Treasury has paid out since the
month began $500 600 more than it has
taken in, and an official statement
shows that s33 100000 was added in
September to the currency in circUla-
ton, which now exceeds by $l02, 900 900
the amount one year ago. Gold con-
tinues to move from Europe, and mer-
chandise exports for five weeks, from
New York, show an increase of 2 s per
cent. against decrease of II per cent.
in imports here. The iron trade is bat
little weakened by the enormous out
put. Best grades are still firm. The
markets for copper, tin and lead are
stronger. Wool remains easy and dull.
The boot and snoe trade is larger than
that of last year. and the outlook is
considered encouraging. Hog and pork
products are little lower, though corn
advances. and cattle are q sha5e lover
The wheat market has been strong, sd
vanciug half cent. But crops are
generally disappointing because plant
ing AID labor called for a larger yield
| than has been realized. The dry goocs
tTadeshows no important change, aad